Withum

OCTOBER 17, 2023

With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency. A general ledger system is a software application that records and summarizes the financial transactions of an organization.

general ledger 64

general ledger Non-Profits Healthcare accounting principles 64

Withum

SEPTEMBER 20, 2023

It is infamous in the accounting world and important that it is an “intentional” act. Most not-for-profit organizations have budgetary constraints and lack the ability to pay for full-time and robust accounting departments. The F word: Fraud. But why does it happen? How does it happen?

general ledger 114

general ledger payroll financial statements Education 114

CPA Practice

DECEMBER 11, 2023

And no area of the firm’s strategy has been more impacted than information technology, especially with the advent of generative AI (i.e. Imagine using text commands like: “Import this credit card data and post it to my general ledger” and it actually writing and running code to do so. ChatGPT, Bard, LLaMA, etc.)

accounting firms 116

accounting firms Technology Account accountant 116

xendoo

MARCH 21, 2022

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. This guide will cover this and more: Bookkeeping and accounting for eCommerce. Types of accounting software. How do you do eCommerce accounting? What does an eCommerce accountant do?

Account 115

Account accountant accounted bookkeeping 115

TaxConnex

NOVEMBER 9, 2021

Be sure you have a process to gather the applicable data each month and reconcile all new data to your general ledger before you start the filing process. Regardless of the filing method, payment is generally required and can be a check, an ACH debit or an ACH credit. Filing can include mailing or electronic filing.

Sales 185

Sales Tax general ledger tax return 185

Xero

APRIL 2, 2023

Reports: A new version of the General Ledger Summary report is now available. You can drill down into the General Ledger Detail report , choose which accounts to show, customise columns and more. With the categorised transactions, they will have the information needed to help file their tax return.

general ledger 105

general ledger tax return payroll accounting apps 105

xendoo

FEBRUARY 25, 2022

Taking steps to clean up accounting records can be a big undertaking for small business owners. You may diligently record your accounting transactions or have hired someone to take care of accounting for you. There are many reasons to have clean accounting books each month. When and Why You Need to Clean Up Your Books.

Account 111

Account accountant accounted general ledger 111

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. The importance and evolution of accounts payable. ERP/General ledger vs transaction solutions.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

accounting basics 52

accounting basics general ledger Account accountant 52

Accounting Seed

MARCH 23, 2023

As your business grows, you’ll want accounting software that allows you to dedicate more time to helping customers than inputting data or emailing teammates to ensure your information is the same. That means finding a Salesforce accounting integration that works for your teams. No delay, cost, or vendor tech support required.

accounting software 91

accounting software Account accountant accounted 91

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 97

tax preparation Gambling Account accountant 97

Xero

APRIL 13, 2023

Balance Sheet, Profit and Loss (Income Statement) and Budget Variance reports: We’ve added the ability to translate these reports into any currency enabled in your organisation, for a quick view of your financials in the currency of your choice Receivable and Payable Invoice Summary and Detail reports, and drilldowns from Income by Contact and Expenses (..)

general ledger 131

general ledger Start-ups Tax Sales 131

Withum

FEBRUARY 6, 2023

Quality of Tax Data ; general improvements to enhance the reliability of information and timeliness of closing out accounting periods. Benefits of a Modernized ERP System As you prepare for this tax season, are you utilizing reliable and agile accounting/ERP software ? Lessen the external auditor’s (e.g.,

tax preparation 78

tax preparation business tax Tax general ledger 78

Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. What is Accounting Automation? Will Automated Accounting Replace You? Let’s get started.

Technology 98

Technology Account accountant accounted 98

Accounting Seed

MAY 15, 2023

The Salesforce and Accounting Seed implementation specialist is sharing their successful approach with clients across the globe—after adopting it themselves. Since implementing Accounting Seed, CRMIT has achieved massive benefits in consolidations, data accuracy, and project tracking.

Technology 98

Technology Account accountant accounted 98

Withum

DECEMBER 7, 2023

The hospitality industry is a prime target for fraudsters due to the high volume of transactions and personally identifiable information (PII). Forensic accountants are brought in to investigate issues in various facets. There are two types of engagements that forensic accountants normally get involved in.

forensic accounting 52

forensic accounting Hospitality Account accountant 52

inDinero Accounting

DECEMBER 13, 2021

One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. However, even with an accountant, you still need a way to keep records. However, even with an accountant, you still need a way to keep records.

NetSuite 104

NetSuite accounting software quickbooks Account 104

Snyder

NOVEMBER 1, 2022

Accounting software is the primary operational tool for bookkeepers and accountants. With a large selection of products available on the market, it’s possible to pick the one that best addresses the unique needs of your accounting firm and your clients. . How to Choose the Right Accounting Software for Your Business?

accounting software 97

accounting software bookkeeping Account accountant 97

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. What is the difference between accounts receivable and accounts payable?

accounts payable 52

accounts payable Account accountant accounted 52

Withum

NOVEMBER 22, 2023

Once an affordable housing project has been developed or rehabilitated and is ready to be placed in service, the developer usually engages a managing agent to manage the day-to-day operations, monitor compliance with regulations, as well as maintain the accounting records. This should be properly reflected as construction costs payable.

Real Estate 52

Real Estate Construction general ledger Account 52

Snyder

AUGUST 12, 2022

What does an accountant do? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. Do I only need an accountant if I own a mid or large-sized business? What are bookkeeper duties?

bookkeeping 98

bookkeeping Account accountant accounted 98

CPA Practice

FEBRUARY 9, 2024

Tankersley, CPA.CITP, CGMA 00:45 Okay, so Accu Matica is a entry level mid market prep application, which means that when you graduated from QuickBooks, and the basic general ledger type applications, and you need to get something to help you manage your business, and to, to go in and handle your handle your more complex needs.

Technology 64

Technology Account accountant accounted 64

TaxConnex

MAY 12, 2022

However, the reality is that businesses grow, they acquire other businesses, they change accounting systems, they launch new e-commerce platforms - all resulting in different sales tax processes. Some of this mail may be informational but still critical. Notice Management – Jurisdictions enjoy sending you mail.

Sales 201

Sales Tax E-commerce general ledger 201

Shay CPA

DECEMBER 7, 2022

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

tax accountant 59

tax accountant Tax tax return Account 59

Xero

MAY 13, 2024

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report.

payroll 79

payroll general ledger Tax Account 79

Withum

APRIL 27, 2022

Many nonprofit organizations have limited resources and often the finance team also supports the general operations. The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. .

general ledger 119

general ledger audit auditor accounting and finance 119

CPA Practice

DECEMBER 22, 2023

Common examples include unauthorized withdrawals, transfer of funds to personal accounts, pocketing cash receipts, stealing petty cash and writing checks to fake vendors. Companies should also conduct regular reviews of AR aging and customer accounts, manual journal entries and vendor lists.

Expense Reimbursements 117

Expense Reimbursements payroll general ledger financial statements 117

FraudFiles

AUGUST 4, 2022

Today we’ll talk about one area where you may see some red flags: irregularities in the accounting records and procedures. An auto dealership had a controller who had not reconciled the bank accounts for nearly a year, despite management’s insistence that it be done. It’s not always easy to spot accounting irregularities.

Account 52

Account accountant accounted general ledger 52

CPA Practice

MAY 26, 2023

Also, they often don’t inform taxpayers that wage deductions claimed on the federal income tax return for the business must be reduced by the amount of the credit. Failing to provide accurate information about the credit. This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023.

audit 138

audit general ledger income tax tax return 138

TaxConnex

APRIL 13, 2021

Doing some quick research on the internet, you can find information on sales tax nexus, voluntary disclosures, sales tax calculation tools and more. However, the reality is that businesses grow, they acquire other businesses, they change accounting systems, they launch new e-commerce platforms - all resulting in different sales tax processes.

Sales 221

Sales Tax E-commerce general ledger 221

MineralTree

MARCH 30, 2023

Accounting for franchises is a complex web of responsibilities. Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles. In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. accuracy in line item information.

AP Automation 79

AP Automation Account accountant accounted 79

CPA Practice

MAY 25, 2023

Also, they often don’t inform taxpayers that wage deductions claimed on the federal income tax return for the business must be reduced by the amount of the credit. Failing to provide accurate information about the credit. This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023.

audit 130

audit general ledger income tax tax return 130

inDinero Accounting

DECEMBER 13, 2021

One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. However, even with an accountant, you still need a way to keep records. However, even with an accountant, you still need a way to keep records.

NetSuite 59

NetSuite accounting software quickbooks Account 59

inDinero Accounting

JULY 2, 2021

Automated accounting saves time on, well, counting, and sorting, comparing, and categorizing data. Instead, automating such tasks enables accounting professionals to focus on building scenarios, testing for desired outcomes, and advising business decisions with richer insight. Automating accounting affects your business.

Technology 67

Technology Account accountant accounted 67

TaxConnex

APRIL 28, 2022

In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast. The virtual audit is becoming a more common way for states to conduct business, in part due to restrictions from the pandemic. “In And of course, save paper.

audit 174

audit auditor general ledger Minnesota 174

Withum

JULY 20, 2023

Sage Intacct defines credit card accounts and includes credit and debit cards. In Accounts Payable, there is a distinct difference between the two. A credit card transaction is tied to a credit card vendor and a liability account. A debit card transaction is associated with a checking account.

accounts payable 52

accounts payable general ledger Account accountant 52